Nevada § 396.842 - Recourse against individual Regents: Acceptance of securities constitutes waiver and release
Full text of Nevada Nevada Revised Statutes § 396.842 — Recourse against individual Regents: Acceptance of securities constitutes waiver and release, with citation guidance and answers to common questions.
§ 396.842. Recourse against individual Regents: Acceptance of securities constitutes waiver and release
No recourse shall be had for the payment of the principal of, any interest on, and
any prior redemption premiums due in connection with any bonds or other securities
of the University or the Board or for any claim based thereon or otherwise upon the
resolution authorizing their issuance or other instrument appertaining thereto, against
any individual Regent of the Board, past, present or future, either directly or indirectly
through the Board or the University, or otherwise, whether by virtue of any Constitution,
statute or rule of law, or by the enforcement of any penalty or otherwise, all such
liability, if any, being by the acceptance of the securities and as a part of the
consideration of their issuance specially waived and released.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.842
What does Nevada Revised Statutes § 396.842 cover?
Section 396.842 ("Recourse against individual Regents: Acceptance of securities constitutes waiver and release") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 396.842?
A common citation format is "Nevada Revised Statutes § 396.842" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 396.842 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.